A sideways consolidation day on Monday, a setup for a bigger move if price can breakout of the consolidation range, or a narrow-range day if price failed to break out and stays out of the range. NQ is still in an uptrend, with the fed and the ECB money-printing intensifying the trend bias is up and will remain especially so above 2325 key support.
For Tuesday I will use 2350 as key inflection point.
- Bullish bias above, and a trending up move if it can break and stay above 2355 resistance. If so, the upside target is 2400.
- Below 2350 implies a bearish bias, and a trending down move if it can break below 2340, targeting a decline down to 2325.
